Economic Recovery Tax Act of 1981

Summary

Amends the Second Liberty Bond Act to increase the temporary public debt limit by $599,800,000,000 for the period from May 21, 1981, through September 30, 1981.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 21 May 1981

   Introduced

   Received in the Senate, read twice, and referred to the Committee on Finance.

   Source: IntroReferral

2. 21 May 1981

   Passed

   Engrossed and Deemed Passed.

   Source: Floor

3. 21 May 1981

   Passed

   Passed/agreed to in House: Engrossed and Deemed Passed.

   Source: Floor

4. 21 May 1981

   Introduced

   Introduced in House

   Source: IntroReferral

5. 21 May 1981

   Introduced

   Introduced in House

   Source: IntroReferral

6. 15 June 1981

   Committee

   Committee on Finance requested executive comment from OMB; Treasury Department.

   Source: Committee

7. 25 June 1981

   Reported

   Committee on Finance. Ordered to be reported with an amendment in the nature of a substitute favorably.

   Source: Committee

8. 6 July 1981

   Calendars

   Placed on Senate Legislative Calendar under Regular Orders. Calendar No. 187.

   Source: Calendars

9. 6 July 1981

   Reported

   Committee on Finance. Reported to Senate by Senator Dole under the authority of the order of Jun 25, 81 favorably with an amendment in the nature of a substitute and an amendment to the title. With written report No. 97-144.

   Source: Committee

10. 6 July 1981

    Reported

    Committee on Finance. Reported to Senate by Senator Dole under the authority of the order of Jun 25, 81 favorably with an amendment in the nature of a substitute and an amendment to the title. With written report No. 97-144.

    Source: Committee

11. 15 July 1981

    Floor

    Considered by Senate.

    Source: Floor

12. 16 July 1981

    Floor

    Considered by Senate.

    Source: Floor

13. 17 July 1981

    Floor

    Considered by Senate.

    Source: Floor

14. 18 July 1981

    Floor

    Considered by Senate.

    Source: Floor

15. 20 July 1981

    Floor

    Considered by Senate.

    Source: Floor

16. 21 July 1981

    Floor

    Considered by Senate.

    Source: Floor

17. 22 July 1981

    Floor

    Considered by Senate.

    Source: Floor

18. 23 July 1981

    Floor

    Considered by Senate.

    Source: Floor

19. 24 July 1981

    Vote

    Subtitle C of Title III of the Committee Amendment (dealing with Employee Stock Ownership Provisions), as amended, agreed to. By Yea-Nay Vote. 93-1. Record Vote No: 220.

    Source: Floor

20. 27 July 1981

    Floor

    Considered by Senate.

    Source: Floor

21. 28 July 1981

    Floor

    Considered by Senate.

    Source: Floor

22. 29 July 1981

    Floor

    Considered by Senate.

    Source: Floor

23. 31 July 1981

    Floor

    Senate incorporated this measure in H.R. 4242 as an amendment.

    Source: Floor

24. 29 September 1981

    Passed

    Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.

    Source: Floor

25. 29 September 1981

    Floor

    Previous third reading vitiated, as was the action the Senate took in agreeing to the committee amendment as amended. By Voice Vote.

    Source: Floor

26. 30 September 1981

    Became law

    Became Public Law No: 97-48.

    Source: President

27. 30 September 1981

    President

    Signed by President.

    Source: President

28. 30 September 1981

    Became law

    Signed by President.

    Source: BecameLaw

29. 30 September 1981

    Floor

    Presented to President.

    Source: Floor

30. 30 September 1981

    President

    Presented to President.

    Source: President

31. 30 September 1981

    Floor

    Measure Signed in Senate.

    Source: Floor

Votes

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

4 official files

• Public Law (PDF)

  Public Law · EN · 1 October 1981

  ViewDownloadOpen at official source

• Passed Senate amended

  summary · EN · 29 September 1981

  Open at official source

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Reported to Senate with amendment(s)

  summary · EN · 6 July 1981

  Open at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 21 May 1981

  Open at official source

  Leesvertaling

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• · ssfi00 · Standing

Related records

• related to ← Economic Recovery Tax Act of 1981
• amends ← To increase amounts allowable as credits for investments in qualified industrial and residential facilities.
• amends ← Providing that the at risk rules not apply to certain energy property.
• amends ← To increase and make permanent the partial exclusion of interest from gross income.
• amends ← To promote capital investment in small business by reducing the corporate tax rate on the first $50,000 of taxable income in 3 phases.
• amends ← To postpone the special rules for leases under the accelerated cost recovery system until 1992.
• amends ← To index certain provisions of the Internal Revenue Code of 1954.
• amends ← Relating to borrowing of funds by the OASDI Trust Fund from the Disability Insurance Trust Fund or the Hospital Insurance Trust Fund.

Showing 8 of 142 related records.

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